Melius is a site that operates in the Forex and Cryptocurrency MLM niche. The site claims to have a presence in both Dubai and UK. The address which they provide for their UK office is a virtual one. However, their Dubai address is not verifiable. In their marketing material, Melius even claims to have a presence in the US, specifically in Nevada. Surprisingly, the website operators have since removed reference to their Nevada operation in both their marketing materials and website.
Melius cites a person known as Jeremy Prasetyo as the CEo and Co-founder of the operation. However, other operators of the site have not been disclosed. It appears that this is the first time that Prasetyo is running an MLM in the Forex and Crypto currency niche from the position of a CEO.
According to his social media profiles, we learn that Prasetyo has spent the past year speaking at various events promoting Crypto currency projects. He claims that these projects are not MLMs. Therefore, if you were considering the option of joining these guys, you need to read the full review of Melius to find out what this site is all about and whether it is a wise decision joining them in the first place.
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The site Melius is marketing Forex and Crypto currency investment packages. There are 3 packages which investors can subscribe to. These include Melius Adventure, Melius Escape and Melius Experience. The first package requires a 3 month subscription fee of $450. This will let you gain access to a Crypto currency mastery course, trading strategies, daily live sessions where analysis of the various investment assets is carried out and a video library as well.
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Melius Escape offers a blockchain course, weekly coin magazine, coin analysis, a video library and a daily live cryptocurrency trading sessions. This package costs $450 for 90 days.
Melius Experience combines the first two plans. It is offered at various price points. $600 for 90 days, $999 for 180 days and $1800 for 1 year. The site does not appear to provide any passive ROIs for their two plans, Melius Adventure or Melius Escape.
Melius subscriptions also come with an app known as iGoTrade app. Through the app, affiliates can set trades which they will be copying directly from this operation. In addition to this, the site is marketing something called GoPro Forex. The cost of subscription is $3,000 for 90 days.
GoPro Forex subscribers are supposed to gain access to funded accounts to the tune of $50,000. With this investment package, a passive ROI will be earned.
Melius is supposedly paying commissions to affiliates and retail customers. In order to qualify for payouts, the company insists that each affiliate must maintain active subscription for one of their investment packages. And in order to remain active, each affiliate must either invest 120 PV worth of funds every month. If they won’t invest, they must convince those who join under them to invest this minimum each month.
Melius takes between 3-5% of company wide investment volume and puts it in one the President and Ambassador Pool. President and Ambassador are levels that affiliates can reach if they join Melius.
As Vice President and Senior Vice Presidents, you can earn a share from the Presidential pool. In fact, the site says that you will be entitled to earning a share of the Presidential pool. As an Ambassador or an affiliate of higher rank, you will be entitled to earning a share from the Ambassador pool. Shares in the Presidential and Ambassador pools are paid out on a weekly basis.
To join Melius, affiliates are required to pay $45.
There are so many things about Melius that we wouldn’t be able to cover them here all. So let’s cut the chase by going straight to the point. You see, the scheme has lower tier affiliates subscriptions. These are designed to make money for the operation by persuading affiliates to generate over $3,189 in Go ProForex subscriptions.
Melius has this absurd notion that they are going to give $50,000 free trading account in exchange for $3,189 investment. This is not realistic, and it’s usually the style of ripping off investors. Even the more worrying claim is that if affiliates increase their accounts by 10%, they can request their trading accounts to be multiplied to $100,000, $200,000.
These amounts are allegedly capped at 1 million dollars, and thus the question becomes: where does all this money come from?
If it is indeed true that Melius has access to these funds and can auto trade successfully, why are they wasting their time on individuals for a few dollars? It beats logic. The lower tier affiliate subscription don’t offer access to trading but through the special app iGoTrade, passive trading is possible.
This means that Melius should be registered with the financial regulators because all affiliates, regardless of the tier which they hold, are being offered a securities product. Now, you have to remember that this operation is not authorized in any jurisdiction in the world to offer investment products in form of securities. So clearly this is an illegal financial game.
Speaking on the trading side of Melius, affiliates are allegedly going to learn from the ”industry experts”. Who are these industry experts? No one has the answer. The people involved appear to be Brad Alexander and Jonathan Morgan. Brad Alexander was the CEO of FX Large for one and a half years. FX Large has since collapsed and there is very little traffic going to the website.
Jonathan Morgan claims on his LinkedIn profile that he is a day trader with Shield Wall Trading. When we visit the website where he claims to be working as a day trader, we find that it is an empty website with nothing suggesting that it is run by a trader.
Melius appears to be a scam targeting victims who are based in third world countries. After scamming people in the UK, the operators now spend most of their time hiding in Dubai. Stick with these trading solutions.
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